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China: Consumer Prices for July 2011
added: 2011-08-10

In July, the consumer price index went up by 6.5 percent year-on-year. The prices grew by 6.2 percent in cities and 7.1 percent in rural areas. The food prices went up by 14.8 percent while the non-food prices increased by 2.9 percent. The prices of consumer goods went up by 7.6 percent and the prices of services grew by 3.7 percent. In July, the month-on-month change of consumer prices was up by 0.5 percent. Of which, prices in cities went up by 1.2 percent and that in rural areas rose by 0.5 percent. The food prices grew by 1.2 percent while the non-food prices surged 0.1 percent. The prices of consumer goods rose by 0.5 percent, and the prices of services went up by 0.4 percent.

I. Year-on-Year Changes of Prices of Different Categories

Food Prices went up by 14.8 percent year-on-year, contributing nearly 4.38 percentage points to the overall growth. Of which, the prices of grain rose by 12.4 percent, meaning 0.34 percentage point growth in the overall price level; meat, poultry and related products, up 33.6 percent, contributing 2.08 percentage points (price of pork was up by 56.7 percent, contributing 1.46 percentage points); fresh eggs, up 19.7 percent, contributing 0.15 percentage point; aquatic products, up 15.0 percent, contributing 0.34 percentage point; fresh vegetables, up 7.6 percent, contributing 0.19 percentage point; and fresh fruits, up 4.9 percent, contributing 0.09 percentage point.

Prices for tobacco and liquor went up by 2.8 percent year-on-year, of which, that for tobacco was up by 0.3 percent and liquor 6.8 percent.

Prices for clothing rose by 2.2 percent year-on-year. The clothes prices went up by 2.5 percent while the shoes prices increased by 0.6 percent.

Prices for household facilities, articles and maintenance services went up by 2.7 percent year-on-year, of which, prices for durable consumer goods was up by 0.6 percent, and household services and processing, maintenance services, up by 11.7 percent.

Prices for health care and personal articles grew by 3.6 percent year-on-year. Of which, prices for western medicine went down by 0.4 percent; Chinese medicinal materials and patent medicine, up 13.7 percent; and health care services, up 0.5 percent.

Prices for transportation and communication rose by 0.9 percent year-on-year. Of which, prices for vehicles dropped by 1.0 percent; fuels and parts for vehicles, up 14.8 percent; vehicles use and maintenance, up 4.6 percent; transportation fares between cities, up 2.5 percent; public transport fares in cities, up 2.4 percent; and communication, down by 13.2 percent.

Prices for recreation, education, culture articles and services grew by 0.5 percent year-on-year. Of which, education went up by 1.6 percent; recreation and culture, up 1.7 percent; traveling, up 3.8 percent; and durable goods and services for recreation and culture, down by 6.6 percent.

Prices for housing went up by 5.9 percent year-on-year. Of which, prices for water, electricity and fuel rose by 4.4 percent; houses building and decorating materials, up 5.5 percent; and housing rental prices, up 4.0 percent.

According to estimation, in the 6.5 percent growth in July, the carryover effect of last year’s prices rising accounted for 3.3 percentage points, while new prices rising factors in this year accounted for 3.2 percentage points.

II. Month-on-Month Changes of Prices of Different Categories

In July, food prices rose by 1.2 percent month-on-month, contributing 0.37 percentage point to the month-on-month growth of consumer prices. In July, prices for fresh vegetables rose by 4.1 percent, meaning 0.10 percentage point growth in the overall price level; prices for meat, poultry and related products, fresh eggs, and aquatic products, grew by 4.7, 0.8 and 1.2 percent respectively, they caused 0.39 percentage point increase of the overall prices. Prices growth of the above mentioned three items triggered 1.6, 3.4 and 0.8 percentage point declined of the overall prices, in particular, that for pork rose by 7.7 percent, while resulted in 3.7 percentage point down month-on-month. Price for fresh fruits continued to decline 10.2 percent month-on-month, affecting 0.20 percentage points decreased in the overall price level.

Non-food prices climbed 0.1 percent in July. Of this total, price for recreation, education, culture articles and services went up by 0.6 percent month-on-month in June, causing 0.08 percentage point growth of the overall price level, mainly due to the impacts of summer tour prices growth of 4.6 percent. Price for tobacco and liquor, household facilities, articles and maintenance services, health care and personal articles, and housing rose by 0.2, 0.2, 0.3 and 0.1 percent respectively, while prices for clothing dropped 0.6 percent, transportation and communication maintained the general level.


Source: National Bureau of Statistics of China

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